Today's Up-and-Coming Leaders: The Millennial Generation
History will show 2011 as the year the baby boomer generation — that has so dominated American politics and society — first became eligible for retirement. But little is known about the new generation of American leaders born between 1980 and 2005 — the Millennials. There are more of them than baby boomers and, at numbers three times the size, demographically dwarf Generation X.
This generation is more ethnically and racially diverse than older adults. They’re less religious, less likely to have served in the military, and are on track to become the most educated generation in American history. They embrace multiple modes of self-expression. Three-quarters have created a profile on a social networking site. One-in-five have posted a video of themselves online. By limiting or forbidding this generation of workers from being on Facebook or Tweeting is seen as an insult and that the employer does not trust that their employees are being productive.
According to CNN.com, nearly four-in-10 have a tattoo (and for most who do, one is not enough: about half of those with tattoos have two to five and 18 percent have six or more). Nearly one-in-four have a piercing in some place other than an earlobe — about six times the share of older adults who’ve done this. But their look-at-me tendencies are not without limits. Most Millennials have placed privacy boundaries on their social media profiles. And 70 percent say their tattoos are hidden beneath clothing.
This generation also has different needs when it comes to being managed. For example, an employer needs to provide specific examples of what is expected. You have to give feedback to Millennials at least once a month. Other generations were taught if your boss is talking to you, you’re doing something wrong. Millennials were taught the exact opposite: If your boss isn’t talking to you, you’re doing something wrong.
What does a good manager need to know when working with this type of employee? Managers need the ability to embrace the differences and learn that certain types of employees need to be managed in specific ways to a) get the most productivity and b) have a happy team. Studies have shown most employees don’t quit their jobs; they quit their bosses.
Most importantly, Millennials need to feel needed and a part of the team. Be prepared to nurture and direct this employee and you will be rewarded with great team members who will contribute great ideas and breathe new life into your organization. One could argue this next generation needs to conform to the way older generations do business. However, this generation of employee or entrepreneur is here to stay, and like it or not, is your next customer, client, or in some instances, your employer. I am of the opinion that great things can come from change, and change is in the air.
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